NDXUSD

image

NDXUSD

The NDXUSD had risen after the FOMC meeting, which was perceived as more dovish than expected by the market last week. The stock market will be closed due to Good Friday being the last trading day of the week. On the same day, the US PCE data, which is the most critical data of the week, will be released. The data, which is one of the inflation indicators that the Fed pays most attention to and is expected to increase on a monthly basis, will be the primary headline to be followed for index movements this week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18200 - 18300 region. As long as the index is above the 18500 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18250 - 18130 levels can be followed as support. Support: 18250 – 18130 Resistance: 18400 – 18500